Upgrade Alert for Toll Brothers (TOL)
Toll Brothers (NYSE:TOL) was upgraded from Neutral to Buy at Buckingham today. The stock closed yesterday at $27.69 on volume of 2.2 million shares, below average daily volume of 2.3 million.
Potential upside of 47.4% exists for Toll Brothers, based on a current level of $27.69 and analysts' average consensus price target of $40.81. The stock should run into initial resistance at its 50-day moving average (MA) of $28.58 and subsequent resistance at its 200-day MA of $32.95.
Toll Brothers, Inc. builds luxury homes, serving both move-up and empty nester buyers in several regions of the United States. The Company builds customized single and attached homes, primarily on land that it develops and improves. Toll Brothers also operates its own architectural, engineering, mortgage, title, security, landscape, insurance brokerage, and manufacturing operations.
Toll Brothers share prices have moved between a 52-week high of $42.19 and a 52-week low of $23.75 and closed yesterday at 17% above that low price at $27.69 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.2%.
SmarTrend is tracking the current trend status for Toll Brothers and will alert subscribers who have TOL in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades Toll Brothers